Business News

Netflix has to slash prices, introduce ads to keep up with competition from Disney+

Netflix might have to consider cutting down its subscription prices and introduce ads on its platform in order to keep pace with new rival players like Disney+ and AppleTV+

Dec 11, 2019

By Manthan C.

Netflix

Domino's Pizza chairman to step down, as company hunts for new CEO and chairman

The company's chairman Stephen Hemsley's exit follows the retirement of its CEO David Wild in August.

Dec 11, 2019

By R. Ghosh

General Motors loans $40 million to Lordstown Motors to produce first electric pickup by 2020

Lordstown Motors Corp had bought the Ohio factory for $20 million from General Motors in November as part of its plans of rolling out electric pickup trucks by the end of 2020.

Dec 11, 2019

By R. Ghosh

Arriving today: Apple to start selling Mac Pro at a whopping $5,999

Mac Pro doesn't come with a display, so Apple will also be selling its 6K Pro Display XDR starting at $4,599.

Dec 10, 2019

By R. Ghosh

Sanofi to acquire Synthorx for $2.5 billion; Plans to boost its immuno-oncology pipeline

The French healthcare giant has agreed to buy all the outstanding shares of the California-based biotechnology company for $68 per share in cash

Dec 10, 2019

By R. Ghosh

Britain's Tesco considers Asia exit

The retailer giant is starting a review of its remaining Asian businesses which may result in the sale of those Thai and Malaysian operations

Dec 9, 2019

By Reuters

Tesla Model 3 cars get recommended for subsidy in China as Tesla gears up delivery

China's Ministry of Industry has recommended two variants of Made-in-China Model 3 cars, which were found on the list for new energy vehicle subsidies

Dec 9, 2019

By R. Ghosh

Elon musk

Adobe acquires Virtual Reality tool Oculus Medium from Facebook

Facebook purchased Oculus in 2014 for $2 billion following the Federal Communications Commission approval for the acquisition

Dec 9, 2019

By R. Ghosh

Facebook Mark zuckerberg

China copper imports hit 13-month high in November on improved factory activity

For the first 11 months of 2019, imports of unwrought copper were down 8.5% from a year earlier at 4.45 million tonnes

Dec 8, 2019

By Reuters

FAA tightens noose on Boeing; seeks to fine the company $3.9 billion for installing faulty airplane parts

The FAA has alleged Boeing of failing to adequately oversee its suppliers and failing to prevent the installation of faulty parts on at least 130 737 NG airplanes

Dec 8, 2019

By R. Ghosh

Ericsson found guilty of corruption by US authorities; to pay $1.2 billion to resolve bribery charges

According to US authorities, Ericsson conspired with third parties to bribe government officials in five countries in Asia and the Middle East between 2000 and 2016.

Dec 8, 2019

By R. Ghosh

Samsung

audio-from-stolen-plane-reveals-final-moments-before-deadly-crash

HK air transport regulator refrains from suspending Hong Kong Airlines' license

The Hong Kong air transport regulator stated that it has decided not to suspend the license of the city's second-largest airline

Dec 7, 2019

By Reuters

Is Uber ride safe? Company says it received over 3,000 reports of sexual assault in U.S. in 2018

The rail-hailing firm revealed that it received 3,045 reports of sexual assault during rides in 2018 of which 235 were incidents of rape.

Dec 7, 2019

By R. Ghosh

H&M partners with YCloset to test clothing rental in China; attempts to explore sustainable fashion space

The fast-fashion industry is one of the biggest emitters of greenhouse gases and H&M's move is in a bid to boost its environmental credentials.

Dec 7, 2019

By R. Ghosh

Boeing may temporarily halt production of 737 Max jets, as struggle continues to get the aircraft back to service

Earlier in April, the company cut its production of 737 Max from 52 to 42 a month, as the grounding of the aircraft has also temporarily stopped deliveries.

Dec 6, 2019

By R. Ghosh

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